INDIA EARNS REPUTATION AS NEW GLOBAL AEROSPACE ENGINEERING HUB

摘要

India's government came under criticism in late 2018 after deciding to reduce aplanned contract for 126 multirole military aircraft to a deal for 36 fighter jetsto be assembled in France.The program will see a significant number of subsystems and componentscoming from Indian companies. The work required to produce those partswill add to an aerospace and defense industry that is exploding in the number of next generation aviation technologies being researched and developed.Under the $9 billion deal, Dassault Aviation will provide 36 Rafale fighter jets for the Indian Air Force with an offsets requirement to invest 50% of the total contract value into domestic military aeronautics-related research programs and locally sourced subsystems and components."The deal is definitely going to be a boon to the Indian small and medium enterprise (SME) sector apart from bigger companies such as Reliance. Over 500 SMEs are expected to be involved in the project," said Arjun Sreekumar, a Frost & Sullivan analyst covering India's aerospace and defense manufacturing industry.